When your broker sees that you are in danger of running through your money and forces you to sell your stock and use the money to pay back your loan, he is making a:
A. margin call.
B. stock sales call.
C. futures call.
D. leverage call.
Answer: A
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The market demand for wheat is ________ and the demand for wheat produced by an individual farm is ________
A) perfectly elastic; perfectly inelastic B) not perfectly elastic; perfectly elastic C) not perfectly inelastic; inelastic D) elastic; unit elastic
A perfectly competitive firm's horizontal demand curve implies that the firm does not have to lower its price to sell more output
Indicate whether the statement is true or false
Personal income equals personal disposable income plus
a. payroll taxes. c. transfer payments. d. dividend payments. d. personal saving. e. personal taxes.
An indifference curve between one dozen eggs and several dozens of eggs would be
A) bowed in to the origin. B) bowed out from the origin. C) a downward sloping straight line. D) a straight line from the origin.